Arthur J. Gallagher & Co. — Director's Dealing 2013

Mar 15, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2013-03-13

Reporting Person: GALLAGHER J PATRICK JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-13	Common Stock (restricted)	A	4900	—	Acquired	27740	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-13	Non-qualified Stock Option	$39.17	A	35700	Acquired	2020-03-13	Common Stock (35700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	71126.951	Direct
Common Stock	150000	Indirect
Common Stock	105248	Indirect
Common Stock	188972	Indirect
Common Stock	108086	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Notional Stock Units	$0		Common Stock (52548)	52548	Direct

Footnotes

F1: Restricted stock unit award vesting four years after the date of grant.

F2: Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.

F3: Held in trust for benefit of children.

F4: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

F5: Each notional stock unit represents a right to receive one share of Gallagher common stock.

F6: The notional stock units become payable following the reporting person's separation from service with Gallagher.